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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
“If your car is debt-free, the optimal time to sell your car is usually before its factory warranties expire, which for most new car warranties is at 36,000 miles or three years, and for ...
The recent dip in auto prices in the United States might have you ready to hit the nearest car lot, but be advised: You might still have to pay extra for the vehicle you want. See: 9 Bills You ...
Japanese car companies, which were slow to move into the EV market, are suddenly on a roll with their hybrid cars, which posted a 32% gain in California sales for 2024, and a total market share ...
Critics of Chapter 11 Bankruptcy as a restructuring process argued that consumers would be unwilling to purchase a car from a bankrupt automaker, as the ability of the automaker to support the warranty is key to the purchase decision. Advocates have argued that the government or private lenders could establish a fund to enable warranty coverage.
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
So a car imported to the US with a value of $50,000 (£38,000) subject to a 25% tariff, would face a $12,500 charge. The charge is physically paid by the domestic company that imports the goods ...
The Car Allowance Rebate System (CARS) was a $3,000,000,000 US federal program that helps US citizens to purchase a new, more fuel efficient vehicle when trading in an older, more polluting vehicle. The program officially started on 1 July 2009 and claims began to be processed until 24 July, [ 39 ] and ended on 24 August 2009; as the ...